Farfetch to cut up to 30% of workforce as Coupang takes over

farfetch-commerce-solutions

Farfetch is set to cut up to 30% of its total workforce as global ecommerce retailer Coupang takes ownership, Drapers has reported.

The luxury fashion retailer is expected to cut between 25% and 30% of its staff after new owner Coupang said it was looking to ā€œstreamline the businessā€ and increase ā€financial strengthā€.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

Ā£5 A MONTH for 3 months

Subscribe now